Author: iHub News
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Top Company News of the Day: Ford, Twitter, 3M, Temu
Ford Plans New Round of Layoffs for U.S. Salaried Workers The automaker looks to cut costs as it spends heavily on the shift to electric vehicles. Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says Thierry Breton, a top tech regulator for the bloc, gave his assessment after an EU team visited…
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Nasdaq Moves Sharply Higher, Snapping Three-Day Losing Streak
Stocks turned in a lackluster performance for much of the trading session on Thursday but managed to end the day mostly higher. Technology stocks helped lead the advance, resulting in a surge by the tech-heavy Nasdaq. The Nasdaq saw further upside going into the close, jumping 128.41 points or 1.0 percent to 13,630.61. The S&P…
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Futures Pointing To Continued Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the pullback seen over the past few sessions. Profit taking may contribute to continued weakness on Wall Street after the Nasdaq and the S&P 500 reached their best levels in over a year last…
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North American Morning Briefing: Stock Futures Dented as Central Banks Continue to Tighten
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales Today’s Headlines/Must Reads – Microsoft-Activision Deal Faces Test in FTC Hearing – SEC Seeks More Disclosure From Smaller Banks in Wake of Failures – Hopes Rise for Rally in Small Stocks After Historic Underperformance – Insiders Snap Up Stock in Auto-Parts Retailers – Biden’s Trade…
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US Futures, European Stocks Fall as Fed Flags Further Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.2% in morning trading. Ocado Group rose 7.4% and ISS A/S climbed 2.3%. On the…
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Top Company News of the Day: Twitter, Google, Boeing, NTG Energy
Twitter CEO Intervened to Mend Google Relationship After Cloud Payment Issue The social-media platform is now paying for Google cloud services amid talks of a broader partnership. Paris Air Show Brings So-So News for Boeing. It’s Better for Airbus. The aerospace supply chain is still under pressure. And the A320 neo family of jets is…
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U.S. Stocks See Further Downside Amid Renewed Interest Rate Concerns
After moving mostly lower over the two previous sessions, stocks saw further downside during trading on Wednesday. The major averages all finished the day in negative territory, with the tech-heavy Nasdaq leading the slide. The Nasdaq tumbled 165.10 or 1.2 percent to 13,502.20, continuing to give back ground after ending last Thursday’s trading at its…
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U.S. Stocks May See Further Downside On Powell Comments
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to see further downside after moving mostly lower over the two previous sessions. Concerns about the outlook for interest rates may weigh on Wall Street following remarks by Federal Reserve Chair Jerome Powell. In prepared remarks…
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North American Morning Briefing: Investors Eye Powell Testimony
Market Wraps Watch For: Jerome Powell Presents Monetary Policy Report to House Financial Services Committee; Canada Retail Trade for April Today’s Top Headlines/Must Reads: – Forget the Fed, and Focus on the Economy – Investors Are Putting America First Again – Google Cloud Launches Anti-Money-Laundering Tool for Banks, Betting on the Power of AI –…
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US Futures Down, European Stocks Mixed Ahead of Fed Powell’s Remarks
In the U.S., futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning trading. Orpea rose 5.1% and Husqvarna Series B climbed 4.1%. On the…